Galleon's Raj Rajaratnam reports 6.2% stake in Palm

By Lisa Kerner

Charlotte, N.C., Feb. 2 - Raj Rajaratnam and his Galleon investment funds reported owning approximately 6.3 million shares of Palm, Inc. stock, or 6.2% of Palm's outstanding shares, in a schedule 13G filing with the Securities and Exchange Commission.

Schedule 13G is used by passive investors to report stakes of 5% or more; activists file on schedule 13D.

Palm is a Sunnyvale, Calif., developer of mobile computing devices.

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